JPMorgan analysts forecast Macau’s August gross gaming revenue at MOP21.9 billion to MOP22.5 billion, based on results through 24 August. They said GGR for those 24 days was MOP17.65 billion, averaging MOP735 million a day; Macau’s Gaming Inspection and Coordination Bureau reported July GGR of MOP22.12 billion.
The forecast gives operators and investors an estimate of Macau casino revenue for August against the July figure.
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Analysts forecast average daily gambling revenue of MOP1.05 billion in Macau during the eight-day Golden Week period from 29 September to 6 October. Citigroup raised its 2025 gross gaming revenue growth forecast to 10%, projecting MOP248.6 billion for the year; Jefferies forecast MOP248 billion.
Macao casino shares rose on Hong Kong and US markets, with analysts reportedly expecting further gains. The Bloomberg Intelligence Index of Macao gaming shares had climbed 59% from its April low, compared with 31% for the Hang Seng Composite Index. Macao casino gross gaming revenue increased 19% to $2.60 billion in June, according to the Gaming Inspection and Coordination Bureau.
Citigroup analysts lifted their May 2025 gross gaming revenue forecast for Macau to MOP21.25 billion, from MOP21 billion, after stronger-than-expected results in the week of 19–25 May. They attributed the performance partly to the newly opened Capella at Galaxy Macau and forecast an average MOP625 million in daily GGR for the month’s final six days.
Macau Chief Executive Sam Hou Fai said the government is not considering lowering its 2026 gross gaming revenue forecast. The target remains MOP236 billion; GGR reached MOP187.1 billion from January to September, leaving MOP48.9 billion to meet it. Hou said October’s figure would be important and that the government would continue monitoring the market.
JP Morgan Securities (Asia Pacific) Ltd has reduced its February Macau gross gaming revenue forecast to around last year’s level or up to 2%, after previously predicting growth of 2% to 5%. The firm estimated GGR at MOP14.3 billion for the first 22 days of February, with daily revenue below its expectation during the lunar new year period.